Swedish car manufacturer Volvo will expand its engine-making capacity in the US, according to its President and Chief Executive Officer, Leif Johannson.
This follows the Group`s April announcement that it would buy the truck division of Renault SA, for $1.83 billion in stock and assumed debt, that includes Mack Trucks.
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The sale, the agreements of which are currently with the US Department of Justice, should be completed in two to nine months, said Johansson.
